Which of the following is not one of the types of bonds issued by the U.S. federal government?

A. Treasury notes
B. Savings bonds
C. Treasury municipals
D. Treasury bills


Answer: C

Business

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If cash is paid to a trustee who administers a sinking fund, the corporation would credit the Bond Sinking Fund for the amount of cash paid

a. True b. False Indicate whether the statement is true or false

Business

Answer the following statements true (T) or false (F)

1. Gains and losses on the sale of plant assets are always reported as discontinued operations. 2. Discontinued operations are reported without consideration of the income tax effects. 3. A company that reports a discontinued operation item must also report earnings per share for the item. 4. Gains and losses on the sale of plant assets are reported as discontinued operations. 5. A company that reports a discontinued operation must also report earnings per share for this item in the notes to the financial statements.

Business

A variable interest in a variable interest entity (VIE) may arise from all of the following except

a. management contracts. b. service contracts. c. leases. d. defined-benefit pension plans.

Business

When an owner invests assets in the business, the capital account increases due to revenue being earned

Indicate whether the statement is true or false

Business